Is this year a good time to buy an investment property?
Savvy property investors are likely to re-enter the market in 2023 after a year in which many quit because of fast-rising interest rates and high prices, experts predict.
With the majority of cash rate hikes now likely behind us, as well as declining prices, high rents, tight vacancy rates and the return of migration, the market will have all the right essentials to attract investors.
“Maybe we won’t see them in as high numbers as in the past just yet,” said Domain chief of research and economics Dr Nicola Powell. “But I do think the strategic investor who isn’t fearful of purchasing in a downturn and has an eye on the fundamentals of the housing market and an understanding of the dynamics will be back.
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